Which of the following forecasting methodologies is considered a qualitative forecasting technique?
A)Grass roots
B)Econometric models
C)Regression analysis
D)Exponential smoothing
E)Simple moving average

Question

Quizplus · Accepted Answer

Qualitative forecasting techniques are subjective and based on expert judgment, opinions, and feedback from customers or employees. Grassroots forecasting relies on the opinions and input of front-line employees, making it a qualitative technique. The other options listed (econometric models, regression analysis, exponential smoothing, and simple moving average) are quantitative forecasting techniques that use statistical data and mathematical models.

Which of the Following Forecasting Methodologies Is Considered a Qualitative